Southwest Boca Raton

Office Space Market Report

Number of Listings (last 90 days)

35

Median Rate ($/sqft/yr)

$31


Median Size (sqft)

3,330

As of: December 9, 2016

Southwest Boca Raton Rates

The typical asking rate per listing is in the $30's per square foot per year.
The Southwest Boca Raton submarket is experiencing a an increase in rates.
In the last 3 months, the median rate
went up
$2 per sqft per year.
That's a 7%
rise in rent.

Compared to the rest of the Gold Coast market, the Southwest Boca Raton submarket has
greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Southwest Boca Raton Listing Supply

In the last 90 days, 35 listings have come on the market,
which means listings might be going fast. You'll want to be prepared to make an offer immediately.
About 3% of the available space in the Southwest Boca Raton are subleases,
so you will probably have to consider a longer term lease.
There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,330 sqft, there are still 0 spaces below 2,000 sqft.
Most buildings in this region are approximately 4 stories.
Most buildings in this market were built in 1988
and are Class A.

Southwest Boca Raton Community

Not much of the real estate is used for commercial space, so it might be hard to find office space.
Health care is the dominant industry in this area.
Commute by walking is the most popular way to get to work amongst Southwest Boca Raton folk.
Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.